Business
Yangarra Re-Allocates Bought Deal Financing
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S./ CALG...
About this update from Yangarra Resources Ltd.
[{"type":"text","content":"\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n THE U.S./\n\n\nCALGARY, Nov. 25, 2013 /CNW/ - Yangarra Resources Ltd. (\"Yangarra\" or the \"Corporation\") (TSXV: YGR) announces it has agreed\n with the underwriters to re-allocate the previously announced\n financing.\n\n\nDue to increased demand for Canadian development expenses the allocation\n of CDE flow through Shares has been increased by $1,000,000 and the\n allocation of common shares has been reduced by the same amount.\n\n\nYangarra will now issue 12,048,148 common shares (\"Common Shares\") at a\n price of $0.54 per Common Share for gross proceeds of $6,506,000 and\n 3,394,915 common shares will be issued on a flow-through basis in\n respect of Canadian development expenses (\"CDE\") (the \"CDE FT Shares\")\n at a price of $0.59 per CDE FT Share for gross proceeds of $2,003,000.\n\n\nThe allocation of 7,755,000 common shares to be issued on a flow-through\n basis in respect of Canadian exploration expenses (\"CEE\") (the \"CEE FT\n Shares\") at a price of $0.645 per CEE FT Share for gross proceeds of\n $5,001,975 remains unchanged.\n\n\nThe Underwriters will also continue to have the option, exercisable in\n whole or in part, to acquire up to an additional 1,807,222 Common\n Shares at a price of $0.54 per Common Share at any time from closing of\n the Offering and ending 30 days following the Closing Date for\n additional gross proceeds of up to $975,900 (the \"Over Allotment\n Option\").\n\n\nThis news release does not constitute an offer to sell, or the\n solicitation of an offer to buy, the common shares in any jurisdiction,\n including the United States, or to, or for the account or benefit of,\n U.S. persons absent U.S. registration or an applicable exemption\n therefrom, nor shall there be any sale of the common shares in any\n state in which such offer, solicitation or sale would be unlawful prior\n to registration or qualification under the securities laws of any such\n state.  The common shares being offered will not be, and have not been,\n registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or\n to, or for the account or benefit of, a U.S. person, absent U.S.\n registration or an applicable exemption therefrom.\n\n\nCertain information regarding Y...